H.R. 2624 – Helping Startups Continue To Grow Act

AI-Generated Summary

Updated January 20, 2026 at 6:14 AM UTC

The Helping Startups Continue To Grow Act changes how an "emerging growth company" is defined under the Securities Act of 1933 and the Securities Exchange Act of 1934. It raises the revenue ceiling from $1 billion to $2 billion and extends the qualifying period from five years to ten years. These adjustments broaden which startups can qualify for reduced reporting and compliance requirements, affecting early‑stage companies and the SEC’s oversight rules.

Key Provisions

Increases the maximum annual revenue for an emerging growth company from $1 billion to $2 billion.
Extends the allowed operating period for emerging growth company status from five years to ten years.
Removes certain subparagraphs and punctuation that previously limited the definition, simplifying the criteria.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

April 13, 2023

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HouseIntro Referral

Introduced in House

April 13, 2023

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

April 13, 2023

Bill Text

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Introduced in HouseIssued April 13, 2023

I

118th CONGRESS

1st Session

H. R. 2624

IN THE HOUSE OF REPRESENTATIVES

April 13, 2023

Mr. Steil introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To update the definition of an emerging growth company, and for other purposes.

1.

Short title

This Act may be cited as the Helping Startups Continue To Grow Act.

2.

Emerging growth company criteria

(a)

Securities Act of 1933

Section 2(a)(19) of the Securities Act of 1933 (15 U.S.C. 77b(a)(19)) is amended—

(1)

by striking $1,000,000,000 each place such term appears and inserting $2,000,000,000;

(2)

in subparagraph (B)—

(A)

by striking fifth and inserting 10-year; and

(B)

by adding or at the end;

(3)

in subparagraph (C), by striking ; or and inserting a period; and

(4)

by striking subparagraph (D).

(b)

Securities Exchange Act of 1934

Section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) is amended, in the first paragraph (80)—

(1)

by striking $1,000,000,000 each place such term appears and inserting $2,000,000,000;

(2)

in subparagraph (B)—

(A)

by striking fifth and inserting 10-year; and

(B)

by adding or at the end;

(3)

in subparagraph (C), by striking ; or and inserting a period; and

(4)

by striking subparagraph (D).